Minimum Premium Plan (MPP)

Minimum Premium Plan (MPP),

What is Minimum Premium Plan (MPP)?

  1. An agreement under which the insurer manages the claim for a fee and insures itself against the major losses of the self-insured group.

  2. The employer pays a fixed percentage (e.g. 90%) of the estimated monthly entitlement, the insurance company pays the rest. This self-financing method avoids paying premium taxes in most states.

  3. Meaning of Minimum Premium Plan (MPP): An agreement under which the insurer manages a certain fee claim and insures itself against the major losses of the self-insured group. The employer pays a fixed percentage (e.g. 90%) of the estimated monthly entitlement and the insurer pays the rest.

Literal Meanings of Minimum Premium Plan (MPP)

Minimum:

Meanings of Minimum:
  1. The smallest or smallest quantity or possible quantity, attainable or necessary.

  2. More or less

Sentences of Minimum
  1. They check passports with minimal effort

  2. This can be done with minimal effort

Synonyms of Minimum

bottom, slightest, lower limit, depth, lowest level, nadir, rock-bottom, least possible, base, bottom level, minutest, minimal, lowest, rock bottom, least, smallest, littlest

Premium:

Meanings of Premium:
  1. Amount payable for insurance policy.

Sentences of Premium
  1. If the calculations are correct, the income of the pensionable worker includes the premium in addition to his salary which he has to pay to the insurance company to get equal rights.

Synonyms of Premium

regular payment, insurance charge, surcharge, extra amount, instalment, insurance payment, bonus, perk, reward, recompense, remuneration, percentage, additional fee, additional payment, extra, extra charge, prize

Plan:

Sentences of Plan
  1. Road map

Synonyms of Plan

draw up a layout of, system, make a representation of, scheme, recipe, make a drawing of, agenda, make a map of, shape, hope, draft, aim, formula, concoct, project, frame, prepare, target, sketch out, master plan, devise, arrange, aspiration, outline, contrive, develop, object, fix up, proposal

MPP:

Meanings of MPP:
  1. (In Canada) Member Provincial Parliament.

Minimum Premium Plan (MPP),

What is Minimum Premium Plan (MPP)?

  1. The definition of Minimum Premium Plan (MPP) is: An agreement in which the insurer manages expense claims and covers significant losses for the insured group.

  2. Minimum Premium Plan (MPP) refers to The employer pays a fixed percentage of the estimated monthly claim (eg 90 s) and the insurance pays the rest. This standalone app avoids paying premium taxes, which is required in most states.

  3. An agreement in which an insurance company manages cost claims and covers significant losses for the insured group. The employer pays a fixed percentage of the estimated monthly claim (eg 90 s) and the insurance pays the rest.

Literal Meanings of Minimum Premium Plan (MPP)

Minimum:

Meanings of Minimum:
  1. The smallest amount or quantity possible, attainable, or desired.

  2. Small or small.

Sentences of Minimum
  1. Minimize costs.

  2. This can be done with less effort

Premium:

Meanings of Premium:
  1. Amount payable under the insurance contract.

  2. Price or value added to the general price.

  3. Some were given as a gift, reward or incentive.

Sentences of Premium
  1. Consumers are reluctant to pay too much for organic fruits.

Synonyms of Premium

inducement, perquisite, incentive, extra amount/charge, bounty

Plan:

Meanings of Plan:
  1. A detailed suggestion for doing or getting something.

  2. Detailed maps or sketches.

  3. Decide in advance and make arrangements.

  4. Make a plan (make or make something)

Synonyms of Plan

procedure, want, cook up, work out, envision, set up, ploy, intention, tack, organize, slate, have in mind, make plans, game plan, map out, objective, mean, formulate, purpose, think out, tactic, programme, wish, choreograph, design, manoeuvre, orchestrate, build, proposition

MPP:

Meanings of MPP:
  1. Member of Provincial Parliament (in Canada)

Minimum Premium Plan (MPP),

Minimum Premium Plan (MPP) means,

An agreement in which the insurer manages expense claims and covers significant losses for the self-insured group.

The employer pays a fixed percentage (e.g. 90%) of the estimated monthly claim and the insurer pays the rest. This standalone app avoids paying premium taxes, which are required in most states.

Literal Meanings of Minimum Premium Plan (MPP)

Minimum:

Meanings of Minimum:
  1. The smallest or smallest amount or quantity possible, attainable, or necessary.

Premium:

Meanings of Premium:
  1. Cost or price included in the general price.

Sentences of Premium
  1. The Société des Arts gave him a bonus.

Plan:

Meanings of Plan:
  1. Decide and arrange in advance.

Synonyms of Plan

desire, be resolved, envisage, ruse, intend, shift, expect, schedule, scenario, line up, measure, mastermind, strategy, foresee, method, plat, stratagem, arrangement, propose, means